€92m Dublin deal boosts hotel market

pic

pic

The €92 million sale of the Gresham Hotel in Dublin became the most expensive this year as Irish hotel deals gathered pace in the third quarter.

The city-centre hotel, on O’Connell Street, was sold to the Spanish company Riu Hotels in a deal completed in September. The acquisition is the largest in Ireland since the sale of the Shelbourne Hotel in 2014 to the US property investment group Kennedy Wilson.

Hotel sales reached a total of €143 million in the three months to September, exceeding the value of deals recorded in the first two quarters combined, according to the property company Cushman & Wakefield.

The second largest deal this year also took place in the third quarter, with the sale of the five-star Lyrath Estate in Co Kilkenny for €25 million to a consortium of Irish investors. Athlone’s four-star Radisson Blu Hotel was sold recently to iNua Hospitality for €9.5 million.

Development activity in the Dublin hotel market continued at pace over the same period, with a new Holiday Inn on O’Connell Street and an extension to the Red Cow hotel.

Kirsty Rothwell, a director of Cushman & Wakefield Ireland, said that more development was needed over the coming years.

“With a requirement of approximately 6,000 new hotel bedrooms in Dublin city, there is certainly a need to develop more hotel rooms at a fast pace to ensure that the supply constraint will not affect Dublin tourism,” she said. “It is encouraging to see the Holiday Inn Express on O’Connell Street open its doors — the first new hotel in Dublin since 2014.”

Irish investors have dominated the market this year, snapping up 27 of the 36 hotels to change hands. The Gresham transaction was the only one completed by international investors in the third quarter. UK investors have been the most active international buyers in the Irish market.

Activity in the year to date consisted mainly of a large number of small-to-medium deals, with 81 per cent of the volume of hotel sales below €10 million.

Five hotels were in the €10 million-€20 million range; two hotels had values above €20 million. Interest has also shifted away from the capital to the regions this year in a possible indication of the lack of value in the Dublin market. In the nine months to September, Dublin accounted for more than half the value of hotel transactions but less than a quarter of deals in volume terms.

Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest

1,302 thoughts on “€92m Dublin deal boosts hotel market”

  1. My spouse and i have been really joyous that Jordan managed to finish off his research through your precious recommendations he had through the web pages. It is now and again perplexing to just find yourself handing out solutions which people today may have been selling. Therefore we know we need the writer to give thanks to for that. The most important illustrations you have made, the simple web site navigation, the relationships you will help to instill – it’s got most powerful, and it’s really leading our son in addition to the family reason why the situation is fun, which is really pressing. Thank you for the whole lot!

  2. I’m just commenting to let you be aware of of the exceptional discovery my cousin’s child enjoyed going through your blog. She discovered a wide variety of details, most notably how it is like to have a very effective coaching heart to get many more effortlessly fully understand certain extremely tough matters. You actually did more than my desires. I appreciate you for displaying such helpful, healthy, educational and also cool guidance on that topic to Evelyn.

  3. Hello! I simply want to offer you a big thumbs up for the excellent information you have got right here on this post. I’ll be coming back to your website for more soon.

  4. Hello. Interesting post! I’m really appreciate it. It will be great if you’ll read my first article on mycollegeessaywriter.com)

  5. Merci pour les beaux rapport . Je étais enquêter ce sujet pour un jour . Les marchandises et caractéristiques que vous montrez , je n’étais pas au courant. Je serai suivant votre site Web maintenant et avec un peu de chance vous ferez extra vues et idées.

  6. Hi there, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you reduce it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any help is very much appreciated.

  7. Spot on with this write-up, I truly think this web site needs way more consideration. I’ll in all probability be again to read far more, thanks for that info.

  8. Wow! This blog looks exactly like my old one! It’s on a entirely different topic but it has pretty much the same page layout and design. Great choice of colors!

  9. Hmm is anyone else having problems with the pictures on this blog loading? I’m trying to find out if its a problem on my end or if it’s the blog. Any feed-back would be greatly appreciated.

  10. Choosing to use Vortex BioShield® quantum EMF protectors, in the formof laptop radiation shields and cell phone shields. can help the body fight against the effects of EMF’s.

  11. I’m really loving the theme/design of your blog. Do you ever run into any browser compatibility problems? A small number of my blog audience have complained about my site not working correctly in Explorer but looks great in Chrome. Do you have any recommendations to help fix this issue?

  12. Hi, Neat post. There is a problem with your web site in internet explorer, would check this… IE still is the market leader and a good portion of people will miss your wonderful writing because of this problem.

  13. I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  14. I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  15. Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.

  16. This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

  17. Hey! This is kind of off topic but I need some help from an established blog. Is it tough to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about creating my own but I’m not sure where to begin. Do you have any tips or suggestions? Thank you

  18. Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

  19. Those are yours alright! . We at least need to get these people stealing images to start blogging! They probably just did a image search and grabbed them. They look good though!

  20. Ihr digitaler Lizenzanbieter ist Softhier.com. Kaufen Sie Windows 10 Pro- und Windows 11-Betriebssystemlizenzen zu erschwinglichen Preisen. Sie können auch Office 2019 Pro und andere Lizenzschlüssel erwerben.

  21. Forget about spam and advertising mailings.Keep your real inbox clean and secure. 10 Minute Mail provides temporary, secure, anonymous, free, disposable email address for 10 minutes.

  22. Nefis yemek tarifleri pratik yemek tarifleri hamur işi poğaça börek pasta kek tarifleriyle yemek tarifleri sitemize binlerce yemek tarifi burada. – Yemek Tarifleri Sitesi

  23. ip adresleri kullanıcıların kullanarak internette gezinebilmelerine imkan tanıyan ve numaralardan meydana gelen , internet servis sağlayıcısı tarafından sağlanan bir hizmettir.İp adresinin takibi çok kolaydır.Bu yüzden VPN , proxy ve dns değiştirme gibi yöntemleri sizlere öneriyoruz.0 güvenli hale gelmeyeceksiniz ancak takiniz zorlaşacaktır.VPN hizmetleri ücretli yada ücretsiz 3. taraflar tarafından sağlandığı için güvenli sayılmazsınız ve bu hizmet ile birlikte başka sitelere giriş yaptığınız şifreler görülebilir giriş yaptığınız sitelerin bir listesi yada aktiviteleriniz başkaları tarafından görülebilir.

  24. This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

  25. en sağlam hd sikiş pornoları sitemizde yer almaktadır. Hiç bir hd pornoda canınızı sıkacak reklam yoktur pornoho farkıyla keyifli porno izlemeler.

  26. Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

  27. Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

  28. Betpas resmi yeni giriş adresi olarak hizmet veriyoruz. Betpas güncel giriş adresi kaç oldu , şikayet ve canlı bahis oyunları

  29. Lida Her sabah kahvaltıdan 30 dk önce 1 adet kullanılır. 3 Kutu Alana 1 Moringa Çayı Hediye YENİ STOK GELMİŞTİR

  30. Betturkey, dünyanın çeşitli ülkelerinde fiziki casino işletmekte ve Avrupa’nın birçok ülkesinde spor bahisleri oynatan kurumsal bir şirkettir.

  31. Betturkey, dünyanın çeşitli ülkelerinde fiziki casino işletmekte ve Avrupa’nın birçok ülkesinde spor bahisleri oynatan kurumsal bir şirkettir.

  32. I have been exploring for a little bit for any high quality articles or blog posts in this kind of house . Exploring in Yahoo I finally stumbled upon this site. Studying this info So i’m satisfied to express that I have a very excellent uncanny feeling I discovered just what I needed. I so much surely will make certain to do not fail to remember this web site and give it a look regularly.

  33. Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.

  34. en sağlam doeda pornolar sitemizde yer almaktadır. Hiç bir hd pornoda canınızı sıkacak reklam yoktur pornoho farkıyla keyifli porno izlemeler.

  35. Hi, I think your site might be having browser compatibility issues. When I look at your website in Safari, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!

  36. This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen

  37. Way cool, some valid points! I appreciate you making this article available, the rest of the site is also high quality. Have a fun.

  38. I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.!!!

  39. Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.

  40. I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!

  41. I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.

  42. The camera work heightens this loss of individuality by filming everyone from the back or side whenever there is action, so close you can’t tell who is doing what, or were in relation to other people they are doing anything with.!!!

  43. It is rare to discover a specialist in whom you might have some faith. In the world these days, nobody genuinely cares about showing others exactly how in this issue. How fortunate I am to have now found such a wonderful website as this. It is people like you that make a genuine difference currently through the suggestions they discuss.!!

  44. Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.

  45. Sahabet Yeni Giriş – Güvenilir ve kazançlı bahisin adresi Sahabet Bahis Sitesinin en yeni adresi için sitemizi ziyaret edip güvenle giriş yapabilirsiniz.

  46. Betist, bahisçilerin tüm spor etkinliklerine bahis yapmalarına, favori takımlarını desteklemelerine veya nakit ödüller kazanmalarına olanak tanıyan yeni bir.

  47. Bahis haberleri, son dakika Bahis haber ve gelişmeleri burada. Son Dakika: Şehit yakınına küfreden Lütfü Türkkan’ın dokunulmazlığının kaldırılması için

  48. Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!!11

  49. Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across. It extremely helps make reading your blog significantly easier.>>>>